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Nov 12, 2012
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but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them are on new york's lon
but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the...
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Nov 12, 2012
11/12
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but speak john boehner told house republicans that after last week's election a mandate from the american people is to work together, even if it means additional revenues through tax reform. meanwhile bill crystal editor of "the weekly standard" seemed to cave in on the president's demand that wealthy people pay more. >> it won't kill the country if we raise taxes a little bit on millionaires. it won't. really the republican will fall on the sword to defend millionaires half who voted democratic and half who live in hollywood. >> administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up and spending be cut. if he can't get the deal he wants. >> bill plante in washington. thank you. later this morning we'll ask conservative activity jaft grover norquist if republicans are backing away from his no tax increase pledge. >> two weeks ago sandy battered the northeast. hundreds of homes and businesses have no power. most on long island. the governor of new york is calling for an investigation as mark strassman reports from
but speak john boehner told house republicans that after last week's election a mandate from the american people is to work together, even if it means additional revenues through tax reform. meanwhile bill crystal editor of "the weekly standard" seemed to cave in on the president's demand that wealthy people pay more. >> it won't kill the country if we raise taxes a little bit on millionaires. it won't. really the republican will fall on the sword to defend millionaires half who...
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Nov 14, 2012
11/12
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harry reid and john boehner staying put. the president back in, what people would expect musical chairs. none will happen. it's the same people in the same positions and yesterday senate majority leader mitch mcconnell took to the floor and said they won't compromise. we had that interview with paul ryan with abc's jonathan karl saying it's not a mandate. they have a divided government so they'll continue with back and forth of head butting and the taxes should not be raised on wealthiest americans. are we headed just for the same old same old once again? >> i don't think so. first of all we are very pleased about nancy pelosi remaining as leader. she's done an extraordinary job in helping to increase our numbers here on the democratic side, in raising the money that was necessary for us to strengthen our hand here in the house and so she has done such a good job that we urged her to please stay on and that experience really does count. let me just say this, there is some posturing going on and i do think that this posturing
harry reid and john boehner staying put. the president back in, what people would expect musical chairs. none will happen. it's the same people in the same positions and yesterday senate majority leader mitch mcconnell took to the floor and said they won't compromise. we had that interview with paul ryan with abc's jonathan karl saying it's not a mandate. they have a divided government so they'll continue with back and forth of head butting and the taxes should not be raised on wealthiest...
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Nov 13, 2012
11/12
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. >> on the house side that's clear that boehner is send inging a message to fellow republicans on the house, we've got to make extra steps that we didn't before? >> i think that's true and i think the president has responded by saying i'm not wedded to the idea of tax rate increases. i'll settle for more revenue, if that's the -- if that's what i can get. >> yuf got senyou've got senators reid and mcconnell. >> it was like arranging the peace talk ss. it wasn't easy. >> were they as uncomfortable as they look sitting next to each other? >> yes. >> yeah? >> yes. >> what did you learn from that? >> what can you say? they don't strike me as two guys that are going to sit down in a room over a whiskey and kind of work things out. they're very locked in their way s and they are both political tacticians. that's what they do. >> they are brilliant political tacticians. they are both good at what they do in outmaneuvering one another. they're so politically far apart. why should we expect a compromise bill to happen? >> i think the future of the party of republican party very much depends on
. >> on the house side that's clear that boehner is send inging a message to fellow republicans on the house, we've got to make extra steps that we didn't before? >> i think that's true and i think the president has responded by saying i'm not wedded to the idea of tax rate increases. i'll settle for more revenue, if that's the -- if that's what i can get. >> yuf got senyou've got senators reid and mcconnell. >> it was like arranging the peace talk ss. it wasn't easy....
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Nov 16, 2012
11/12
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the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. >> we fully understand
the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort...
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Nov 13, 2012
11/12
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speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street journal" reporter says you could be look at 50 percent top rate. or more. here we go. >>reporter: that is true if the live in the state of california or someone like you would works, why know if you live in new york but you work in w york and the tax rates in new york city could go do 50 percent and california as high as 52 percent, we have not seen rates that high since the 1970's. >>neil: leave aside what will happen on health care people forget this is a lot more than just returning to the clinton top rate of 39.6 percent. it is about going well beyond that and the fact that democrats are feeling thei
speaker boehner says revenues are on the table but we have news for him, when it comes to hiking the taxes, democrats do plan to run the table reportedly not keen on a republican plan to only close loopholes that curb deductions to raise revenue. and democratic leaders expect that and a rate increase, a move that could conceivably send the top rate closer to 45 percent tan the 40 percent they talking about now. when you throw in added surtaxes to pay for health care, the "wall street...
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Nov 17, 2012
11/12
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house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> reporter: to republican leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. that's a challenge for democrats, but the president seemed willing to move in that direction. >> our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the peoples business. and what folks are looking for-- and i think all of us agree on this-- is action. >> reporter: speaker pelosi suggested the leaders agree on milestones that will bolster the economy. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build as
house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> reporter: to republican leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. that's a challenge for democrats, but...
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Nov 14, 2012
11/12
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. >> are you suggesting that nancy -- nancy pelosi and john boehner don't do that? [applause] >> they don't really socialize. one reason that joe might work together, i knew joe and i love him. i wouldn't do anything mean to joe. so that is a lot of it. the times have changed so much. in the senate, one of the problems as they got away from regular order. you send a bill to a committee. you have an oversight hearing, you have an amendment coming u-boat, you go to the full committee and the house and then you go to conference. but they wound up getting a transportation bill. it's a combination of things. modern technology, frankly it is a 24/7 news media. it is the fact that the members leave their families back home. you can't be a good legislator two and half days a week. you have to work at it. the combination of those things, it contributed to the partisanship and the gridlock that we have now. the answer is simple. it is called leadership. men and women of goodwill, conservative liberals, republicans, and the president -- they say it is an easy and we have to ge
. >> are you suggesting that nancy -- nancy pelosi and john boehner don't do that? [applause] >> they don't really socialize. one reason that joe might work together, i knew joe and i love him. i wouldn't do anything mean to joe. so that is a lot of it. the times have changed so much. in the senate, one of the problems as they got away from regular order. you send a bill to a committee. you have an oversight hearing, you have an amendment coming u-boat, you go to the full committee...
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Nov 18, 2012
11/12
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before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the dynamic? >> it will be very interesting to see. hopefully we will hear from them exactly what their conversation was with the president. it is unlikely that we're going to see a detailed agreement on specific issues. are we going to hear about tax breaks or how entitlement reform is going to happen in the deal? on not sure. these figures are going to be out there. they're all going to be scrambling to set the tone in the way that they want to set it. of they will have discussions like the democratic leaders also say let these are the areas where we made clear to republican leaders where we are not going to
before hand, speaker boehner had a hard time getting some of his more conservative members to buy in to certain concrete hiatt -- compromises. going forward, we will have to see if the tea party conservatives will seem to have the same support. the president now has the upper hand and when he talks to speaker boehner he will have to take that message back and he gets a little bit more behind him. >> week and a shop with a meeting between the leaders and the white house. what is the...
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Nov 17, 2012
11/12
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. >> during that meeting the president sat between house speaker john boehner and senate majority leader harry reid calling for cooperation and compromise. >> we've got to make sure that taxes don't go up on middle-class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country, share. so, our challenge is to make sure that, you know, we are able to cooperate together, work together. >> joining me now for more, congressional reporter for "the washington post" ed o'keefe and national journal correspondent nancy cook. good morning both of you. last time we saw those three together, sort of a kumbayah moment when you have reid and boehner and mcconnell together. did you get a sense, ed, putting revenue on the table meant republicans were open to tax hikes for those makes $250,000 or more? >> no, they're not. they still say they don't want to see that increase. by talking about revenues the idea is you close loopholes, find a way to perhaps limit deductions and create revenue that w
. >> during that meeting the president sat between house speaker john boehner and senate majority leader harry reid calling for cooperation and compromise. >> we've got to make sure that taxes don't go up on middle-class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country, share. so, our challenge is to make sure that, you know, we are able to cooperate together, work...
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Nov 14, 2012
11/12
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late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and try to avoid boxing himself in on upcoming negotiation. >> i'm open to come plo mize and new ideas. i have been encouraged for republicans to agree to more revenue as part of the arithmetic if we are serious to reduce deficit. >> the top republican in senate who is a key player in upcoming talks says raising taxes on the upper income americans does not add up. >> you can't raise taxes enough. the argument on whether or not we should raise tax rates on people above $250,000 would have produ
late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he...
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Nov 12, 2012
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gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is th
gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we...
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Nov 15, 2012
11/12
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i think a lot of conservative policies wonks hope this is the sort of thing that speaker boehner will glom on to, and that obama will say look, it's not my preferred way to get 1 trillion from wealthy americans but it does get me there. it doesn't have a huge impact on the middle class and can avoid a big fight and gives up on the rate increases. i don't think obama is going to give up on the rate increases that easily because they have been so central to his--both of his political campaigns as president even though you know at the end of the day he would end up at the same revenue baseline that he's looking for. it would appear to his base he's supporters like a pretty big cave. >> eliot: i think you're right. after the strength of his commentary and since the election where increasing rates has become the mantra, the line in the sand that people expect him to toe and stay very strict on. anything that backs off from that would require extensive preparation and conversation with his base. i'm not sure he's preparing the base for that right now. added to what we're talking about right
i think a lot of conservative policies wonks hope this is the sort of thing that speaker boehner will glom on to, and that obama will say look, it's not my preferred way to get 1 trillion from wealthy americans but it does get me there. it doesn't have a huge impact on the middle class and can avoid a big fight and gives up on the rate increases. i don't think obama is going to give up on the rate increases that easily because they have been so central to his--both of his political campaigns as...
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Nov 19, 2012
11/12
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we heard a good turn from speaker boehner. we have not seen a particular plan with respect to the other issues -- the approach we believe we should take to health care and medicare is to contain cost in the overall health care system. the per-capita increase in cost in the private health care system is running higher than in the medicare system transferring costs onto individuals and not a stress the fundamental problem. move away from a fee for service system in medicare. that is the better way to go. >> the run ideas past few that have been floating around the hill raising that trigger in terms of higher taxes for those earning a million dollars a year or $500,000 per year. how will that play? how will that play in the democratic caucus? >> people will consider various options. make sure we boost job growth and make sure we put us on a path to long-term sustainable deficit reduction. the issue is what is the revenue to cut? look at the simpson-bowles plan. look at the overall framework. look at the revenue component of how t
we heard a good turn from speaker boehner. we have not seen a particular plan with respect to the other issues -- the approach we believe we should take to health care and medicare is to contain cost in the overall health care system. the per-capita increase in cost in the private health care system is running higher than in the medicare system transferring costs onto individuals and not a stress the fundamental problem. move away from a fee for service system in medicare. that is the better...
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Nov 12, 2012
11/12
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boehner and his supposed mandate right now? >> well, i think that he said that the election would be a mandate, it was, and he lost. and i think that the important point about the crystal comment is that there's now a wedge in the republican party that the president needs to exploit. there's a wedge between the realist wing and the kind of fa fantasy, childish wing. the realist wing understands the president has a mandate. democrats won the presidency and the senate. we won a majority -- we won the popular vote if you add up the house races as well. look, i think it's in both parties' interest to avoid the fiscal cliff. neither of them want it for a whole host of reasons, including it will be damaging to the economy. we learned recently that president obama in august of 2011 was kind of ready to do a nixon goes to china moment on entitlements and i think that's still on the table. have real entitlement reform. on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right no
boehner and his supposed mandate right now? >> well, i think that he said that the election would be a mandate, it was, and he lost. and i think that the important point about the crystal comment is that there's now a wedge in the republican party that the president needs to exploit. there's a wedge between the realist wing and the kind of fa fantasy, childish wing. the realist wing understands the president has a mandate. democrats won the presidency and the senate. we won a majority --...
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Nov 20, 2012
11/12
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how much will the two sides be able to give and i think though you see in john boehner and in president obama two people who are willing to work together if they can get the wings, the fringe wings of either side to kind of get onboard and come together. >> you know, one thing i would note just as it relates -- first of all, susan rice hasn't been nominated for secretary of state. that said, if she is, the house has absolutely no role. it would be like me and you either supporting or opposing. >> 100 house republicans can oppose her but they don't have a vote. john mccain lost to president obama. he's more of an armed services guy than he is a foreign policy diplomacy guy. he called for bill clinton to go in but then was critical of hillary clinton going in. you know, i think a lot of people will say his politics are more personal than pragmatic. >> yet she is the top diplomat in the country. >> right. >> i want to talk because i can't resist 2016. i can't help myself. it's an addiction. >> why? >> you sound like my wife. chris christie hugely focused in the run up to the election after
how much will the two sides be able to give and i think though you see in john boehner and in president obama two people who are willing to work together if they can get the wings, the fringe wings of either side to kind of get onboard and come together. >> you know, one thing i would note just as it relates -- first of all, susan rice hasn't been nominated for secretary of state. that said, if she is, the house has absolutely no role. it would be like me and you either supporting or...
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Nov 12, 2012
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in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >> mr. boehner said one thing he's not willing to give up on is maintaining the 35 percent top rate. obama wants 39.6 percent. it is rather significant increase. the obama care tax increase. he takes the tax rate on half of all maul - on small business fall in the higher tax rate of 44 percent and up from 35 percent that. is a body blow to small businesses . obama doesn't care. they are not unionized and don't help him out. we have to protect that part of the country and focus
in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do...
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Nov 15, 2012
11/12
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by the way, boehner's word to go mert after the word, louie, i love you, too. after the election, we heard certain ceos were threatening to fire employees if president obama wob the election. some are going through with it. bobt murray, ceo of the coal company laid off 156 employees the day after the election. john schneider ceo the papa john's pizza says he will be cutting employee hours to avoid costs associated with obama care. finally, john met, ceo of several denny's franchises says he will add a 5% surcharge to customers' bills to offset the cost of obama care. you don't want to pay extra, he said tip the server less to offset the cost. what a sweetheart. >>> up next, new information on the affair that brought down cia director david petraeus. you're watching "hardball," the place for politics. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>
by the way, boehner's word to go mert after the word, louie, i love you, too. after the election, we heard certain ceos were threatening to fire employees if president obama wob the election. some are going through with it. bobt murray, ceo of the coal company laid off 156 employees the day after the election. john schneider ceo the papa john's pizza says he will be cutting employee hours to avoid costs associated with obama care. finally, john met, ceo of several denny's franchises says he...
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Nov 13, 2012
11/12
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. >> and on the house side, it's clear that boehner is sending a message to fellow republicans in the house who have got to make extra steps that we didn't before. >> i think that's true. and i think the president has responded by saying that i'm not whetted to the idea of tax rate increases. i'll settle for more revenue if that's what i can get. >> you got senators reid and mcconnell to actually sit together. >> it was like arranging the paris pease talks or the camp david talks. it wasn't easy. >> were they as uncomfortable as they looked sitting next to each other? >> yes. >> and what did you learn from that? >> well, i think that -- what can you say? they don't strike me as two guys that are -- can sit down in a room over a whiskey and kind of work things out. they're very locked in their ways and they are both political tacticians. that's what they do. >> they are brilliant political tacticians. anybody who knows senator mcconnell and reid knows that. they're both very good at what they do, and outmaneuvering one another, which raises the question, with no personal relationship a
. >> and on the house side, it's clear that boehner is sending a message to fellow republicans in the house who have got to make extra steps that we didn't before. >> i think that's true. and i think the president has responded by saying that i'm not whetted to the idea of tax rate increases. i'll settle for more revenue if that's what i can get. >> you got senators reid and mcconnell to actually sit together. >> it was like arranging the paris pease talks or the camp...
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Nov 16, 2012
11/12
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by the way, boehner's word to gohmert after the vote, "louie, i love you too." >>> finally this one. after the election we heard certain ceos were threatening to fire employees if president obama won the election. some are going through with it. robert murray, ceo of the coal company that ordered employees to attend a rally with mitt romney, laid off 156 employees the day after the election. nice guy. john schneider, ceo of papa john's pizza chain, says he will be cutting employee hours to avoid costs associated with obama care. finally, john metz, ceo of several denny's franchises, says he will add a 5% surcharge to customers' bills to offset the cost of obama care. you don't want to pay extra, he suggests you simply tip the server less to offset the cost. what a sweetheart. >>> up next, new information on the affair that brought down cia director david petraeus. you're watching "hardball," the place for politics. now back to "hardball." >>> back to "hardball." we now know the identity of that fbi agent, that tampa socialite jill kelley reached out to after receiving suspicious e-ma
by the way, boehner's word to gohmert after the vote, "louie, i love you too." >>> finally this one. after the election we heard certain ceos were threatening to fire employees if president obama won the election. some are going through with it. robert murray, ceo of the coal company that ordered employees to attend a rally with mitt romney, laid off 156 employees the day after the election. nice guy. john schneider, ceo of papa john's pizza chain, says he will be cutting...
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Nov 16, 2012
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the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. >> to show our seriousness we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build. >> we're prepared to put revenue on the table provided we fix the real problem. >> the real problem. you got that? mcconditional is all the tree stump on the lawn when you're trying to cut it. this afternoon the president held his fourth and final meetings with stakeholders, civic leaders and meshs of civic leaders. mark morel is president of the you are began league and aaron smith is co-funder of a group called noninvincibles dedicated to ensuring that young people's perspectives are accounted for in policy and economic opportunity, education,
the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. >> to show our seriousness we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we...
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Nov 14, 2012
11/12
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president, john boehner, harry reid, and senator mcconnell -- you can't do in three and half weeks a half weeks what needs to be done. the next year is that moment of opportunity. and i think the work is being done and i think this will help get a result. >> when he does come back and say, i was disappointed when the president come after simpson-bowles, didn't really embrace it and i don't know that we would've adopted it, but it would have been the least possible. it is because the president has been reelected after a very tough campaign. the republicans have been upset by the results of the campaign and you have the raw personal material for this to work out to everyone's benefit. he is very much smart and very effective. >> inner has to get the votes. he calls for both it only gets a vote on his conference committee has problems of his own. .. >> maybe the world economy would collapse if we didn't deal with it, it was taken tonight house of representatives r and it was defeated, and they timely got it passed after they -- after the market tankedded, and then you had the same crowd
president, john boehner, harry reid, and senator mcconnell -- you can't do in three and half weeks a half weeks what needs to be done. the next year is that moment of opportunity. and i think the work is being done and i think this will help get a result. >> when he does come back and say, i was disappointed when the president come after simpson-bowles, didn't really embrace it and i don't know that we would've adopted it, but it would have been the least possible. it is because the...
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Nov 15, 2012
11/12
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boehner had agreed to $800 billion. it's not hard to find $1.2 trillion as a kind of middle ground to that. then you want to have $4 trillion of total deficit reduction, so that leaves $2.8 trillion of spending reductions that have to happen. here's what people miss. we can avoid going over the cliff with the stroke of a pen. they can just extend all this stuff and kick the can down the road. the real question is are we going to have a big deal? are we going to agree on the major spending restraints that we need as well as the tax stuff in order to actually get the deficit under control? and i think the betting on that is less than 50%. i think we have a great shot at it. but it's going to be really, really hard. >> is that the view from wall street, too? they're not totally confident that this is going to happen? >> what you see in the stock market at the moment is that wall street is not totally confident. that's for sure. >> all right. steve, thanks so much. >> pleasure. >>> coming up, independent senator-elect of ma
boehner had agreed to $800 billion. it's not hard to find $1.2 trillion as a kind of middle ground to that. then you want to have $4 trillion of total deficit reduction, so that leaves $2.8 trillion of spending reductions that have to happen. here's what people miss. we can avoid going over the cliff with the stroke of a pen. they can just extend all this stuff and kick the can down the road. the real question is are we going to have a big deal? are we going to agree on the major spending...
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Nov 17, 2012
11/12
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the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. here they are at the stakeout. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build. >> we're prepared to put revenue on the table provided we fix the real problem. >> the real problem. you got that? mcconnell is always the tree stump on the lawn when you're trying to cut it. this afternoon the president held his fourth and final meetings with stakeholders, civic leaders, and members of civic organizations. marc morial is president of the urban league, he was at the afternoon meeting as was aaron smith is cofounder of a group called young invincibles dedicated to ensuring that young people's persp
the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. here they are at the stakeout. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have...
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Nov 13, 2012
11/12
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i like what speaker boehner said and said, look, let's work on closing these loopholes and deductions. that is common ground. there's no reason why -- >> that would raise taxes on people. this is where you get this fight in the republican party. because if your taxes go up but your tax rate doesn't go up, is that a sell republicans can live with? >> it depends how it's mixed up. we don't want to raise the tax rate. if you're closing loopholes and broadening the base, lowering the rate, then i think we could get there. >> you signed groemp norquist's pledge i'm going to assume because pretty much every congressman did. >> yes. >> would you be fine doing a compromise where you would go against your signature on that pledge. if you felt there was a compromise on the table -- >> i do not -- i do not -- >> to the pledge -- dramatic, wasn't it? >> it was dramatic. >> but i need these notes so i'm going to put them back like that. >> i do not intend to do that. i want to fight for the principles i believe in. i, too, was elected, and i think that's part of the give and take. >> grover norqui
i like what speaker boehner said and said, look, let's work on closing these loopholes and deductions. that is common ground. there's no reason why -- >> that would raise taxes on people. this is where you get this fight in the republican party. because if your taxes go up but your tax rate doesn't go up, is that a sell republicans can live with? >> it depends how it's mixed up. we don't want to raise the tax rate. if you're closing loopholes and broadening the base, lowering the...
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Nov 14, 2012
11/12
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CSPAN
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you worked for many years with speaker john boehner. what advice would you give him? guest: without abandoning principle -- people seem to lose sight of, if you look $5 trillion reduction in the deficit, new revenues needs to be a part of that. my perspective is you broaden the base of taxpayers, and you get rid of the underwriting. you could raise that money. on the democrat side they want to tax the to% of wage earners. people back out rich in this country did not get rich by being stupid. you will cause them to start looking for loopholes and deductions. there is a way to get there. where there is a will, there is a way. host: congressman sander levin encouraged us to talk about what these loopholes might be. sinn fein is like deductions for mortgage, education, -- should things like deductions, mortgage, education, should they be on the table? guest: they should be on the table, but not for the middle class. in the last congress, we got 38 votes. what that says this may be for somebody making $2 million, living in a five million-dollar house, maybe do not need the
you worked for many years with speaker john boehner. what advice would you give him? guest: without abandoning principle -- people seem to lose sight of, if you look $5 trillion reduction in the deficit, new revenues needs to be a part of that. my perspective is you broaden the base of taxpayers, and you get rid of the underwriting. you could raise that money. on the democrat side they want to tax the to% of wage earners. people back out rich in this country did not get rich by being stupid....
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Nov 17, 2012
11/12
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president obama wished house speaker john boehner a happy birthday. the president said he didn't know how many candles they would need for speaker boehner's birthday. he gave him an expensive bottle of wine instead. the speaker turned 63 years old today. >> a new york businessman said tampa, florida, socialite jill kelley asked him for an $80 million deal. those are some of the stories trending as we speak on cnn.com. >> an astronaut battles parkinson's disease while flying through space. we'll show you why he kept his condition a secret and how he's doing 17 years later. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] at meineke i have options... like oil changes starting at $19.95. my money. my choice. my meineke. my money. my choice. when i take a picture of this check
president obama wished house speaker john boehner a happy birthday. the president said he didn't know how many candles they would need for speaker boehner's birthday. he gave him an expensive bottle of wine instead. the speaker turned 63 years old today. >> a new york businessman said tampa, florida, socialite jill kelley asked him for an $80 million deal. those are some of the stories trending as we speak on cnn.com. >> an astronaut battles parkinson's disease while flying through...